Artistry One Residences Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Artistry One Residences, account number 0204*****2032 (revealed in full in the Escrow Details section above), linked to DLD project number 4259, which entered the Dubai Land Department register on 15 January 2026.

Every instalment under the 50/50 plan is paid into the escrow account: 20 percent on booking, three payments of 10 percent within 6, 12 and 18 months of reservation, and 50 percent on handover, expected in Q1 2029. The instalment dates run from the reservation date, while releases from the account to the developer follow construction progress recorded by the Dubai Land Department.

No. The 4% DLD registration fee is paid to the Dubai Land Department at the booking stage, alongside the 20 percent booking payment, and covers registration of the unit under Oqood. It is a government fee separate from the purchase price and does not pass through the project escrow account.

The account is listed in the Dubai REST app under Services, Project Status, by searching project number 4259 or the name Artistry One Residences. Its Escrow Account panel shows the bank and the account number, and those details are expected to match both the Escrow Details section of this page and the buyer's Sales and Purchase Agreement. Where any source differs, the Dubai REST record is the reference point.

No. Off-plan payments for Artistry One Residences belong only in the DLD-registered escrow account 0204*****2032 at Emirates NBD (the complete number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official it appears. Money sent to any other account falls outside escrow protection.

Select Group markets the project, and the Dubai Land Department register lists the developer as Select Global Development L.L.C under developer number 972. The register records Artistry One Residences as project number 4259 on plot 466 in Zaabeel Second, and these are the details that appear in the Dubai REST record and the project's inspection reports.

The Dubai Land Department register shows 0 percent progress at the inspection of 14 January 2026, one day before the project was registered on 15 January 2026, and it records construction as starting on 9 February 2026. Releases from the escrow account to the developer are tied to construction progress recorded by the Dubai Land Department, so that reading is the baseline from which those releases are measured. Later readings are tracked on the Artistry One Residences construction updates page.

Yes. Money paid into the escrow account stays there and continues to be released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the tower is completed; it does not compensate for delay, and any delay terms sit in the Sales and Purchase Agreement.

Should the Dubai Land Department cancel the project, RERA takes control of the escrow account, and refunds to buyers are handled from the protected funds under DLD supervision. That safeguard reaches only money paid into the registered account, so payments routed anywhere else carry no such protection. The regulatory framework is described in the Dubai Land Department guide.

The escrow account protects buyer payments made into it by tying their release to recorded construction progress. It does not compensate for delays, which are governed by the Sales and Purchase Agreement, it does not guarantee resale value or rental returns, and it gives no protection to money sent to any account other than the registered one. The 4% DLD registration fee is paid to the Dubai Land Department and sits outside the account.

Select Group lists Six Senses Residences The Palm, Dubai, Jumeirah Living Marina Gate, The Residences at Marina Gate I and II, and 15 Northside among its completed Dubai developments. Its other tower in Dubai Design District (d3), Artistry Two Residences, was registered the same day as Artistry One Residences and is also off-plan, so the project has no delivered sibling within d3.